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Category Archives: advice gap
Reintroducing pensions to the USA
The American Department of Labor is demanding that regulated sponsors of their workplace pensions convert participants’ account balances into an estimated monthly income stream at retirement. This follows primary regulation in Congress last year know as the SECURE Act Using … Continue reading
Posted in actuaries, advice gap, annuity, cardamo, pensions
Tagged 401l, Erissa, US, USA
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Clacher and Keating blog “Bowles to the Regulator”.
We have received and responded to over one hundred questions, comments and criticisms arising from them. Not one has come from the Pensions Regulator. We have no evidence that the Regulator is listening to us or anyone else. Constructive engagement requires constructive listening, not selective hearing. Continue reading
Posted in actuaries, advice gap, pensions
Tagged Clacher, DWP, House of Lords, Keating, Pension Funding, pensions, Pensions Regulator, Sharon Bowles
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Friday report from the COVID-19 actuaries: – includes “surviving quarantine”
The Friday Report – Issue 19 By Matt Fletcher, Nicola Oliver and John Roberts COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. COVID-19 is still one of the hottest topics for scientific papers and articles. The COVID‑19 Actuaries Response … Continue reading
Posted in actuaries, advice gap, coronavirus, pensions
Tagged actuaries, Covid-19, pensions, Quarantine
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What we don’t consider matters
Listening to Victoria Derbyshire talking about domestic abuse on the radio this morning , I was struck by one insight. When asked why domestic abuse had been such a low priority at the start of lockdown she observed that as … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged advice gap, David Penney, pensions, tax relief
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Taking someone else’s numbers for it. The shortcomings of AoVs.
I suffer from pension dreams, these wake me up at odd hours of the morning with questions that I cannot answer. This morning’s question was put to me by someone who bought a pension savings plan from me when … Continue reading
Posted in actuaries, advice gap, age wage, pensions
Tagged Actuary, advice gap, AoV, Assessment of Value, pension, pensions, Transparency
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A user’s guide to AgeWage.com
As regular readers will know, I campaign for better information to be made available to savers about their pension pots and to help people understand their pot, have formed a company, AgeWage. AgeWage.com helps people make sense of their pots … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, annuity, Better Retirement Group, Drawdown, FCA, investment pathways
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Follow Sage Advice and keep an eye out for the Actuary
I will certainly be following Sage Advice and won’t be deserting Actuary on this showing. This race should have been sponsored by the Pensions Regulator. Continue reading
Posted in actuaries, advice gap, pensions
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Is value for money, the Standard by which we can make sense of pensions?
Although financial advisers do a great job and advice usually provides value for the money it costs, 9 out of 10 British adults will take the key financial decisions about their retirement on their own. The FCA wants unadvised individuals … Continue reading
What MaPS can learn from Australia’s MoneySmart Retirement Planner
The Australian Government has built what it calls the MoneySmart Retirement Planner which is a dashboard tool. You plug in your savings in “Super” and tell the planner a little about yourself (and your partner) and within five minutes you … Continue reading
Posted in actuaries, advice gap, pensions
Tagged actuaries, advice gap, optimum pensions, pensions, Super
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We need to take people and their pension savings more seriously.
There is a section of the FCA’s rulebook entitled PERG/8/28 which deals with the vexed subject of guidance and advice. . When answering the question “do you give advice?” PERG/8/28 is helpful. The Pension Advisory Service sees advice as “delivering … Continue reading
Posted in advice gap, pensions
Tagged investment pathways, Savings, taking people seriously
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